Above the Market

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Above the Market

Describing an order to buy or sell a security at a price substantially lower (for a buy order) or higher (for a sell order) than the current market price. An above the market order is unlikely to be filled until the market price moves closer to the order's designated price. For example, one makes an above the market order when one makes a bid to buy a stock at $22 per share when the market price for a stock is $30 per share.

Wilson, President of Imperial said, "In preparing the Company for future growth and expansion and in connection with our other acquisitions, we have been needing to clean up our balance sheet and we have been able to accomplish that at an above-the-market rate.

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